GST ON GTA

[jayesh thacker]

my company registered under gst, company recd GTA service and lr amount is 200/-,other lr amt is 1200/-, in this case gta rcm is applicable, any lr limit under gst

[SHIVKUMAR SHARMA]

Please refer Sl.No.21 of Notification No.12/2017 Central Tax (Rate) Dtd.28/06/2017

[DR.MARIAPPAN GOVINDARAJAN]

If any service is received from GTA reverse charge is applicable. The threshold exemption ₹ 5,000/- per day is fixed on intra-State supplies.

[Himansu Sekhar]

LR limit is ₹ 1500/-. ₹ 5000/- scheme is not applicable under Section 9(3) (for services under RCM category). This scheme is only for Section 9(4) i. e for purchase from un registered buyer.

AI Summary

Reverse charge on GTA services: recipient liable for tax when transport service received; specific LR threshold and exemptions apply. Receipt of services from a Goods Transport Agency (GTA) attracts the Reverse Charge Mechanism, making the service recipient liable to pay GST on GTA services; a limited LR threshold for applicability of a simplified rule was noted, while the daily exemption for purchases from unregistered persons does not affect reverse charge treatment for GTA services.